How does the ETHA reverse split affect shares outstanding and NAV per Share?

The reverse split will decrease the number of Shares outstanding by combining each three Shares into one and will increase the net asset value per Share . However, it does not change the overall value of any shareholder’s investment or the Trust’s total asset value.

iShares Ethereum Trust ETF (Nasdaq: ETHA) to begin 1-for-3 reverse split Oct. 6

Q: What did iShares Ethereum Trust ETF (ETHA) announce in this 8-K?

iShares Ethereum Trust ETF announced a one-for-three Reverse Split of its Shares. Approved on July 31, 2026, the action consolidates every three existing Shares into one while keeping each shareholder’s total investment value and the Trust’s aggregate assets unchanged.

Q: When is the record date for the ETHA reverse split?

The record date for the ETHA reverse split is October 5, 2026 . Shares outstanding as of that date will be consolidated so that each block of three Shares becomes one Share, determining which holders are affected by the split-adjustment on the following trading day.

Q: When will ETHA begin trading on a split-adjusted basis and where?

ETHA Shares will begin trading on a split-adjusted basis at the open of business on October 6, 2026 . After the reverse split, the Shares will continue to trade on The Nasdaq Stock Market LLC , reflecting the reduced share count and higher net asset value per Share.

Q: What happens to fractional ETHA Shares in the reverse split?

No fractional Shares will be issued in the reverse split. Any fractional Share position will be redeemed, and the proceeds will be paid in cash to the shareholder’s brokerage account of record, a transaction that the Trust notes may have tax consequences for that shareholder.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

iShares Ethereum Trust ETF is implementing a one-for-three Reverse Split of its Shares, approved by its sponsor on July 31, 2026. Each three Shares outstanding as of the October 5, 2026 record date will be combined into one Share.

The Reverse Split becomes effective at the open of business on October 6, 2026, when Shares will begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC. It will proportionately decrease Shares outstanding and increase net asset value per Share, without changing the total value of any shareholder’s investment or the Trust’s aggregate assets. No fractional Shares will be issued; fractional positions will be redeemed for cash, which may have tax consequences for affected shareholders.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Reverse Split Ratio: 3 Shares into 1 Share Record Date: October 5, 2026 Effective Trading Date: October 6, 2026

3 metrics

Reverse Split Ratio 3 Shares into 1 Share Each three Shares outstanding as of the record date will be combined into one Share

Record Date October 5, 2026 Date as of which outstanding Shares are eligible for the one-for-three Reverse Split

Effective Trading Date October 6, 2026 Date when Shares begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC

Key Terms

Reverse Split, net asset value per Share, fractional Shares, record date

4 terms

Reverse Split financial

"approved a reverse split of the Trust’s shares at a ratio of one-for-three"

A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.

fractional Shares financial

"No fractional Shares will be issued in connection with the Reverse Split"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

record date financial

"each three Shares outstanding as of the record date of October 5, 2026"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/04/2026 - 04:09 PM Accepted by SEC EDGAR 08/04/2026 - 04:09 PM

FAQ

What did iShares Ethereum Trust ETF (ETHA) announce in this 8-K?

iShares Ethereum Trust ETF announced a one-for-three Reverse Split of its Shares. Approved on July 31, 2026, the action consolidates every three existing Shares into one while keeping each shareholder’s total investment value and the Trust’s aggregate assets unchanged.

When is the record date for the ETHA reverse split?

The record date for the ETHA reverse split is October 5, 2026. Shares outstanding as of that date will be consolidated so that each block of three Shares becomes one Share, determining which holders are affected by the split-adjustment on the following trading day.

When will ETHA begin trading on a split-adjusted basis and where?

ETHA Shares will begin trading on a split-adjusted basis at the open of business on October 6, 2026. After the reverse split, the Shares will continue to trade on The Nasdaq Stock Market LLC, reflecting the reduced share count and higher net asset value per Share.

What happens to fractional ETHA Shares in the reverse split?

No fractional Shares will be issued in the reverse split. Any fractional Share position will be redeemed, and the proceeds will be paid in cash to the shareholder’s brokerage account of record, a transaction that the Trust notes may have tax consequences for that shareholder.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 4, 2026

iShares® Ethereum Trust ETF

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

001-42166
(Commission File Number)

99-6353885
(I.R.S. Employer Identification No.)

c/o iShares Delaware Trust Sponsor LLC
400 Howard Street
San Francisco, California 94105
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (415) 670-2000

Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Shares	ETHA	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 8.01. Other Events

On July 31, 2026, iShares® Delaware Trust Sponsor LLC, the sponsor (the “Sponsor”) of iShares® Ethereum Trust ETF (the “Trust”), approved a reverse split of the Trust’s shares (the “Shares”) at a ratio of one-for-three (the “Reverse Split”).

The Reverse Split will become effective as of the open of business on October 6, 2026, at which time the Shares will begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC. As a result of the Reverse Split, each three Shares outstanding as of the record date of October 5, 2026 will be combined into one Share. The Reverse Split will proportionately decrease the number of Shares outstanding and increase the net asset value per Share. The Reverse Split will not change the total value of a shareholder’s investment or the aggregate value of the Trust’s assets.

No fractional Shares will be issued in connection with the Reverse Split. A shareholder’s proportional fractional Share will be redeemed and the proceeds paid in cash to the shareholder’s brokerage account of record, which may have tax consequences for such shareholder.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 4, 2026

	iShares Ethereum Trust ETF*

	By:	iShares Delaware Trust Sponsor LLC


	By:	/s/ Bryan Bowers
		Name: Bryan Bowers
		Title: Director and Chief Financial Officer

*	The registrant is a trust. The individual specified above is signing in his capacity as an officer and/or authorized signatory of iShares Delaware Trust Sponsor LLC, the Sponsor of the Trust.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents